I too listened in and came to the same conclusion as yourself. I laughed when one of the analysts asked the question about "what is Lovisa's target in new store openings?" The response was "that we don't have one". I heard crickets for a short while.
Honestly, they're opening in new global markets. In FY2022, they had a total of 629 operating stores and now they have a total of 801 having opened 210 new stores and closing 31 and relocating 7.
I shut my eyes and accumulated more today. The beauty of being a retail numb-scull investor like myself is that I've got time on my side.
Near my computer, I have the following comments made by Shane Oliver:
* Periodic and often sharp setbacks in shares are normal
* When shares and other investments fall in value, they are cheaper and offer higher long term return prospects
* During periods of uncertainty, when negative news reaches fever pitch, it makes sense to turn down the noise and stick to an appropriate long term investment strategy"locked in a profit long from a 19.5 entry and currently just locked in a 5% profit on the short side going full margin short." - Price at posting $20.54 (Not Held)
Including your brokerage fees, Capital Gains Tax payable and no entitlement to dividend payment - how's that all worked out for you?
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Last
$35.67 |
Change
-0.500(1.38%) |
Mkt cap ! $3.952B |
Open | High | Low | Value | Volume |
$34.46 | $35.92 | $33.77 | $1.145M | 32.50K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 168 | $35.67 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$35.69 | 90 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 260 | 35.670 |
2 | 12 | 35.660 |
5 | 101 | 35.650 |
4 | 113 | 35.640 |
5 | 219 | 35.630 |
Price($) | Vol. | No. |
---|---|---|
35.690 | 90 | 8 |
35.700 | 84 | 3 |
35.710 | 79 | 4 |
35.720 | 195 | 4 |
35.730 | 89 | 3 |
Last trade - 10.49am 27/09/2024 (20 minute delay) ? |
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